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Economy of Tunisia vs Zambia compared: GDP & Debt

Updated on by Georank

Tunisia has a GDP of $57.5B compared to $28.9B for Zambia, ranking 93/197 and 116/197 by economy size, respectively.

Tunisia has $46.7B in government debt (81.3% of GDP), compared to $24.8B (86% of GDP) in Zambia.

Tunisia vs Zambia GDP by year

Tunisia
Zambia
1x
Year GDP, current $
Tunisia Zambia
2025 $57,502,836,548 $28,879,806,220
2024 $51,412,122,480 $25,303,185,342
2023 $48,205,328,303 $27,577,956,471
2022 $44,929,920,093 $29,163,782,140
2021 $47,073,234,359 $22,096,416,932
2020 $42,491,780,918 $18,137,764,931
2019 $41,905,642,419 $23,308,667,781
2018 $42,686,504,460 $26,311,507,274
2017 $42,163,530,591 $25,873,601,261
2016 $44,360,072,680 $20,958,412,538
2015 $45,779,494,042 $21,251,216,799
2014 $50,271,812,921 $27,141,023,558
2013 $48,685,446,414 $28,037,239,463
2012 $47,311,401,813 $25,503,060,420
2011 $48,123,325,825 $23,459,515,276
2010 $46,206,091,938 $20,265,559,484
2009 $43,455,740,497 $15,328,342,304
2008 $44,859,439,902 $17,910,858,638
2007 $38,915,353,867 $14,056,957,976
2006 $34,376,664,601 $12,756,858,899
2005 $32,272,186,695 $8,331,870,169
2004 $31,183,885,241 $6,221,110,219
2003 $27,453,902,261 $4,901,869,764
2002 $23,141,616,605 $4,193,850,445
2001 $22,065,832,449 $4,094,441,301
2000 $21,473,528,161 $3,600,632,111
1999 $22,943,202,175 $3,404,284,891
1998 $21,802,893,587 $3,537,741,942
1997 $20,746,210,354 $4,303,288,480
1996 $19,587,161,807 $3,597,220,962
1995 $18,030,876,599 $3,806,983,413
1994 $15,633,174,304 $3,656,806,166
1993 $14,608,335,608 $3,273,505,344
1992 $15,496,708,060 $3,182,810,841
1991 $13,074,782,609 $3,376,806,697
1990 $12,290,568,182 $3,288,381,797
1989 $10,101,851,745 $3,994,673,161
1988 $10,096,245,762 $3,728,878,149
1987 $9,696,715,911 $2,265,250,972
1986 $9,017,806,654 $1,664,413,508
1985 $8,410,226,053 $2,252,454,500
1984 $8,254,541,195 $2,719,518,933
1983 $8,350,582,748 $3,321,048,451
1982 $8,133,580,052 $3,871,117,093
1981 $8,428,445,294 $4,008,126,497
1980 $8,744,134,354 $3,884,530,854
1979 $7,188,863,904 $3,353,445,378
1978 $5,968,460,080 $2,811,032,473
1977 $5,109,324,009 $2,515,296,940
1976 $4,508,191,942 $2,742,859,263
1975 $4,328,965,588 $2,442,672,141
1974 $3,545,868,575 $2,910,981,262
1973 $2,730,813,385 $2,434,255,237
1972 $2,237,556,149 $1,872,416,680
1971 $1,685,162,272 $1,653,259,341
1970 $1,439,238,095 $1,788,779,285
1969 $1,289,904,762 $1,926,399,230
1968 $1,214,666,667 $1,573,739,371
1967 $1,085,714,286 $1,340,639,464
1966 $1,040,952,381 $1,238,999,505
1965 $991,047,619 $1,061,199,576
1964 $1,025,866,792 $822,639,671
1963 $1,026,737,600 $704,339,719
1962 $880,027,733 $679,279,729
1961 $866,155,429 $682,359,727
1960 - $698,739,721

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/tunisia/zambia | CC BY

GDP per capita in Tunisia vs Zambia by year

Tunisia
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Tunisia Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,657 - $1,318 -
2024 $4,188 $14,521 $1,187 $4,215
2023 $3,951 $14,041 $1,331 $4,077
2022 $3,707 $13,619 $1,447 $3,841
2021 $3,907 $12,444 $1,127 $3,503
2020 $3,549 $11,918 $952 $3,157
2019 $3,529 $12,495 $1,259 $3,361
2018 $3,628 $11,841 $1,464 $3,442
2017 $3,619 $11,289 $1,483 $3,392
2016 $3,848 $10,994 $1,239 $3,313
2015 $4,015 $10,783 $1,296 $3,337
2014 $4,459 $10,947 $1,707 $3,441
2013 $4,370 $10,672 $1,821 $3,477
2012 $4,297 $10,615 $1,710 $3,324
2011 $4,421 $10,436 $1,625 $3,228
2010 $4,292 $10,555 $1,451 $3,098
2009 $4,080 $10,237 $1,136 $2,872
2008 $4,255 $9,975 $1,376 $2,708
2007 $3,727 $9,479 $1,119 $2,555
2006 $3,323 $8,729 $1,052 $2,378
2005 $3,147 $8,117 $711 $2,213
2004 $3,067 $7,672 $549 $2,068
2003 $2,726 $7,098 $446 $1,942
2002 $2,321 $6,715 $394 $1,837
2001 $2,236 $6,593 $397 $1,785
2000 $2,199 $6,279 $359 $1,709
1999 $2,376 $5,930 $350 $1,654
1998 $2,285 $5,579 $373 $1,601
1997 $2,202 $5,333 $466 $1,631
1996 $2,107 $5,040 $400 $1,585
1995 $1,968 $4,686 $433 $1,501
1994 $1,733 $4,555 $426 $1,464
1993 $1,649 $4,401 $391 $1,607
1992 $1,785 $4,292 $389 $1,505
1991 $1,538 $3,975 $423 $1,534
1990 $1,476 $3,780 $422 $1,522
1989 $1,239 - $526 -
1988 $1,266 - $504 -
1987 $1,245 - $315 -
1986 $1,187 - $238.2 -
1985 $1,135 - $332 -
1984 $1,143 - $413 -
1983 $1,184 - $520 -
1982 $1,177 - $627 -
1981 $1,247 - $670 -
1980 $1,324 - $669 -
1979 $1,113 - $595 -
1978 $946 - $514 -
1977 $830 - $474 -
1976 $752 - $533 -
1975 $741 - $490 -
1974 $624 - $601 -
1973 $493 - $518 -
1972 $415 - $410 -
1971 $320 - $372 -
1970 $280.5 - $414 -
1969 $257.7 - $459 -
1968 $248.9 - $387 -
1967 $228 - $341 -
1966 $223.8 - $325 -
1965 $217.3 - $287.4 -
1964 $228.5 - $230 -
1963 $231.9 - $203.2 -
1962 $201.4 - $202.3 -
1961 $200.7 - $209.7 -
1960 - - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/tunisia/zambia | CC BY

Tunisia's GDP per capita is $4,657, ranking 127/197, compared to $1,318 in Zambia, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Tunisia ranks 114th at $14,521, while Zambia ranks 166th at $4,215.

Economic indicators

Tunisia Zambia
Gross domestic product
$57.5B
2025
$28.9B
2025
GDP rank
93/197
2025
116/197
2025
GDP growth
2.49%
2024-2025
3.76%
2024-2025
GDP per capita
$4,657
2025
$1,318
2025
GDP per capita rank
127/197
2025
170/197
2025
GDP per capita, PPP
$14,521
2024
$4,215
2024
GDP per capita PPP rank
114/197
2024
166/197
2024
Government debt
$46.7B
2025
$24.8B
2025
Debt-to-GDP ratio
81.3%
2025
86%
2025
Government debt per person
$3,785
2025
$1,133
2025
Government debt per person rank
95/185
2025
140/185
2025
Average annual personal income after taxes
$4,193
2026
$1,538
2026
Market capitalization of domestic companies
$12B
2025
$14.9B
2025
Income share by richest 10%
27%
2021
39.1%
2022
Income share by poorest 10%
3.1%
2021
1.5%
2022
Government expenditure, % of GDP
34%
2025
29.7%
2025
Consumer prices inflation
5.3%
2024-2025
13.9%
2024-2025
Central bank interest rate
7.5%
2025
13.3%
2026
Unemployment rate
15.1%
2023
5.67%
2024
Population
12450912
22844606

Spending and national debt comparison by year

Tunisia
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Tunisia Zambia
Government spending Government debt Government spending Government debt
2025 34% 81.3% 29.7% 86%
2024 35.8% 85.7% 26.5% 125.2%
2023 35.9% 84% 27.4% 129.1%
2022 36.6% 83% 28.2% 99.5%
2021 33.4% 79.7% 30.5% 111%
2020 34.5% 77.7% 34% 140%
2019 29.5% 67.3% 29.8% 103.3%
2018 28.7% 72.9% 27.7% 81.2%
2017 28.7% 67.1% 25% 66.6%
2016 27.2% 58.9% 23.9% 61.2%
2015 27.4% 52.4% 27.6% 61.9%
2014 27.7% 50.7% 24.3% 33.9%
2013 30.8% 45.6% 24% 25.9%
2012 28.3% 49% 21.9% 24.9%
2011 27.9% 43.3% 19.5% 20.8%
2010 24% 38.8% 18.1% 18.9%
2009 24.6% 40.3% 17.8% 20.5%
2008 23.7% 41.4% 19.5% 19.2%
2007 23.3% 42.7% 19.9% 21.9%
2006 22.9% 45.7% 19.7% 25%
2005 23% 50% 22.5% 75.7%
2004 23% 51.6% 23.3% 129.9%
2003 23.5% 52.6% 27.3% 159.5%
2002 24.1% 51.6% 27.6% 180.2%
2001 24% 52.2% 28% 210.2%
2000 24% 62.9% 21.4% 261%
1999 24% 61.9% - -
1998 24.2% 58.2% - -
1997 24.5% 66.6% - -
1996 26.7% 66.8% - -
1995 26.6% 65.6% - -
1994 25.9% 63.9% - -
1993 26.7% 63.8% - -
1992 25.7% 62.1% - -
1991 27.6% 63.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/tunisia/zambia | CC BY

In 2025, Tunisia's government spending was $19.6B, accounting for 34% of its GDP, while Zambia spent $8.58B, or 29.7% of GDP.

Debt-to-GDP ratio is 81.3% in Tunisia and 86% in Zambia, ranking 40/185 and 35/185, respectively.

Government deficit by year

Deficit/surplus
Tunisia

Zambia
1x
Year Deficit/surplus, % of GDP
Tunisia Zambia
2025 -5.24% -3.83%
2024 -6.36% -3.46%
2023 -7.27% -5.48%
2022 -7% -7.82%
2021 -7.81% -8.13%
2020 -9.06% -13.8%
2019 -3.6% -9.41%
2018 -4.27% -8.31%
2017 -5.61% -7.5%
2016 -5.87% -5.69%
2015 -4.95% -8.88%
2014 -3.11% -5.43%
2013 -7.05% -6.4%
2012 -4.9% -3.16%
2011 -3.19% -1.78%
2010 -0.46% -2.43%
2009 -2.59% -2.06%
2008 -0.62% -0.67%
2007 -2.47% -1.04%
2006 -2.33% 16.9%
2005 -2.59% -2.37%
2004 -2.1% -2.51%
2003 -2.64% -5.31%
2002 -2.55% -4.5%
2001 -2.87% -5.89%
2000 -3.22% 1.16%
1999 -3.05% -
1998 -2.84% -
1997 -3.7% -
1996 -5.18% -
1995 -4.53% -
1994 -2.87% -
1993 -3.22% -
1992 -3.45% -
1991 -5.25% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/tunisia/zambia | CC BY

In 2025, Tunisia's government deficit, the difference between spending and revenue, was $3.01B, equivalent to 5.24% of GDP. This compares to Zambia's deficit of $1.11B, or 3.83% of GDP.

Over the past 26 years, Tunisia recorded a fiscal deficit in 26 of those years, while Zambia ran a deficit in 24 years. On average, Tunisia posted an annual deficit equal to 4.22% of GDP, compared to deficit of 4.14% of GDP for Zambia.

Inflation comparison by year

Inflation
Tunisia

Zambia
1x
Year Consumer prices inflation
Tunisia Zambia
2025 5.3% 13.9%
2024 7% 15%
2023 9.3% 10.9%
2022 8.3% 11%
2021 5.7% 22%
2020 5.6% 15.7%
2019 6.7% 9.2%
2018 7.3% 7.5%
2017 5.3% 6.6%
2016 3.6% 17.9%
2015 4.4% 10.1%
2014 4.6% 7.8%
2013 5.4% 7%
2012 4.6% 6.6%
2011 3.2% 8.7%
2010 4.4% 8.5%
2009 3.5% 13.4%
2008 4.9% 12.4%
2007 3.4% 10.7%
2006 4.1% 9%
2005 1.9% 18.3%
2004 3.7% 18%
2003 2.7% 21.4%
2002 2.7% 22.2%
2001 1.9% 21.4%
2000 2.8% 24.1%
1999 2.8% 23.9%
1998 3.1% 22.7%
1997 3.6% 21.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/tunisia/zambia | CC BY

Over the past 29 years, Tunisia has recorded an average annual inflation rate of 4.54%, compared with 14.4% in Zambia. In 2025, inflation was 5.3% in Tunisia and 13.9% in Zambia.

Top exports between countries

Tunisia
Export category Export value
Textiles & consumer goods $143K
Metals $81K
Processed food, beverages & tobacco $69K
Machinery & equipment $2K
Raw materials & minerals $2K
Zambia
Export category Export value
Miscellaneous $8K
Textiles & consumer goods $3K
Weapons & explosives $1K

Balance of trade

Tunisia Zambia
Current account balance
-$775M
2024
-$1.12B
2024
Current account balance ranking
111/190
2024
121/190
2024
Current account balance, % of GDP
-1.51%
2024
-4.41%
2024
Goods imports
$18.7B
2024
$10.1B
2024
Goods exports
$8.95B
2024
$11.4B
2024
Service imports
$3.92B
2024
$1.99B
2024
Service exports
$11.2B
2024
$1.38B
2024
Imports of goods and services, % of GDP
54.8%
2025
27.6%
2024
Exports of goods and services, % of GDP
46.7%
2025
35%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Tunisia Zambia
Economic freedom 48.1 51.9
Economic freedom ranking 172/197 152/197
Property rights 55.7 43.9
Government integrity 42.1 39.3
Judicial effectiveness 39.7 45
Tax burden 68.5 74.3
Government spending 62.5 78.1
Fiscal health 16 30.9
Business freedom 59.4 53.4
Labor freedom 55.8 48.8
Monetary freedom 72.4 66.6
Trade freedom 54.6 62.8
Investment freedom 20 40
Financial freedom 30 40

Economic freedom comparison by year

Tunisia
Zambia
1x
Year Economic freedom index
Tunisia Zambia
2026 48.1 51.9
2025 49.1 50.9
2024 48.8 48.4
2023 52.9 47.8
2022 54.2 48.7
2021 56.6 50.4
2020 55.8 53.5
2019 55.4 53.6
2018 58.9 54.3
2017 55.7 55.8
2016 57.6 58.8
2015 57.7 58.7
2014 57.3 60.4
2013 57 58.7
2012 58.6 58.3
2011 58.5 59.7
2010 58.9 58
2009 58 56.6
2008 60.1 56.2
2007 60.3 56.2
2006 57.5 56.8
2005 55.4 55
2004 58.4 54.9
2003 58.1 55.3
2002 60.2 59.6
2001 60.8 59.5
2000 61.3 62.8
1999 61.1 64.2
1998 63.9 62.7
1997 63.8 62.1
1996 63.9 59.6
1995 63.4 55.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/tunisia/zambia | CC BY

The Economic Freedom Index for Tunisia is 48.1, ranking 172/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Tunisia Zambia
Services, % of GDP
62.7%
2025
57%
2025
Industry, % of GDP
22%
2025
35.3%
2025
Agriculture, forestry, and fishing, % of GDP
10.3%
2025
4.11%
2025
GNI, Atlas method
$53B
2025
$26.2B
2025
GNI per capita, PPP
$14,870
2025
$3,990
2025
Total reserves including gold
$9.34B
2024
$4.09B
2024
Total reserves ranking
84/177
2024
111/177
2024
Net foreign direct investment
-$725M
2024
-$2.05B
2024
Net inflows of foreign direct investment
$760M
2024
$2.36B
2024
Net outflows of foreign direct investment
$34.6M
2024
$311M
2024
Servicing debt to the IMF, % of GNI
10.9%
2024
17.3%
2024
Poverty at national poverty lines
16.6%
2021
60%
2022
Gross capital formation, % of GDP
15.2%
2025
23.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/tunisia/zambia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2023, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.